Funding you earn now, next payment 09:00 UTC+0.0608%/8h= +66.6% APRpaid last 24h +0.014%
Price spread now: BloFin against Hyperliquid+0.028%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days+0.512%+$51 on $10k
+Price spread, last 4 days (all we have)+0.488%+$49 · spread now +0.028%, 7d avg +0.024%
=Together, before fees+1.000%+ Points / potential airdropHyperliquid: Season 2 · farm board+$100 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.6377 | 0.0357 | pay 0.0045% / 1h | 12m 28s | $65.3M | $30.7M | 3x |
| Short | BloFin PONS-USDT | 0.6379 | 0.0965 | get 0.0482% / 4h | 3h 12m | $1.9M | $1.1M | 20x |
Hyperliquid PONS
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $127.64
- Price spread: +0.028% → +0.024%
- $0.38
- Slippage, 4 orders
- −$29.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $77.71
- Costs to cover
- 0.503%
- Break-even
- 2.7 days
Slippage from Hyperliquid: live order book, 11 min ago; BloFin: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 1.12 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 7.09 bp | 15.9 bp −$16 | 38.7 bp −$387 | 119.4 bp −$11.9K | doesn't fit |
PONS on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0032% / S −0.0030% | 1h | 0.6364 | −0.202% | $250K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −6.879% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6386 | +0.138% | $24K | $418K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6377 | −0.005% | $74K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6354 | −0.356% | $32K | $289K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0100% | 1h | 0.6377 | −0.002% | $75K | $2.2M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6384 | +0.107% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6378 | +0.011% | — | $1.1M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6373 | −0.066% | $27K | $623K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6380 | +0.036% | $67K | $529K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Polymarket Perps PONS-USD
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6371 | −0.097% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0264% | 1h | 0.6381 | +0.060% | $398 | — | 3x | as long as short |
| Hyperliquid PONSlong | +0.0357% | 1h | 0.6377 | long leg | $65.3M | $30.7M | 3x | |
| OKX PONS-USDT-SWAP | +0.0465% | 4h | 0.6380 | +0.044% | $14.7M | $61.6M | 20x | as long as short |
| Aster PONSUSDT | +0.0487% | 4h | 0.6375 | −0.038% | $1.1M | $2.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0524% | 4h | 0.6380 | +0.036% | $1.7M | $4.2M | 20x | as long as short |
| Lighter RH PONS | +0.0592% | 1h | 0.6379 | +0.020% | $433K | $2.7M | 3x | as long as short |
| Variational Omni PONS | +0.0641% | 4h | 0.6344 | −0.519% | $1.6M | $4.5M | — | as long as short |
| Lighter PONS | +0.0696% | 1h | 0.6381 | +0.055% | $1.8M | $877K | 3x | as long as short |
| MEXC PONS_USDT | +0.0724% | 4h | 0.6381 | +0.060% | $8.0M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0725% | 4h | 0.6367 | −0.159% | $21K | $293K | 10x | as long as short |
| Extended PONS-USD | +0.0728% | 1h | 0.6379 | +0.025% | $107K | $815K | 5x | as long as short |
| Binance PONSUSDT | +0.0735% | 4h | 0.6384 | +0.099% | $42.2M | $103.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0754% | 4h | 0.6386 | +0.133% | $5.2M | $13.3M | 20x | as long as short |
| Pacifica PONS | +0.0853% | 1h | 0.6377 | +0.003% | $48K | $77K | 3x | as long as short |
| BloFin PONS-USDTshort | +0.0965% | 4h | 0.6379 | +0.028% | $1.9M | $1.1M | 20x | |
| BingX PONS-USDT | +0.1194% | 4h | 0.6376 | −0.019% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.1271% | 4h | 0.6378 | +0.013% | $19.4M | $33.3M | 20x | as long as short |
| Phoenix PONS | +0.1714% | 1h | 0.6336 | −0.652% | $48K | $159K | 3x | as long as short |
| Gate PONS_USDT | +0.2894% | 4h | 0.6377 | −0.003% | $5.5M | $6.5M | 20x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
KuCoin PONSUSDTM
Lighter RH PONS
Variational Omni PONS
Lighter PONS
MEXC PONS_USDT
edgeX PONSUSDC
Extended PONS-USD
Binance PONSUSDT
Bitget PONSUSDT
Pacifica PONS
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS
Gate PONS_USDT